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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and Fluent, Inc. (FLNT). Click either name above to swap in a different company.
Apollo Commercial Real Estate Finance, Inc. is the larger business by last-quarter revenue ($73.3M vs $61.8M, roughly 1.2× Fluent, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -6.7%, a 46.5% gap on every dollar of revenue. On growth, Apollo Commercial Real Estate Finance, Inc. posted the faster year-over-year revenue change (4.0% vs -5.5%). Over the past eight quarters, Fluent, Inc.'s revenue compounded faster (-3.2% CAGR vs -4.6%).
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
ARI vs FLNT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $61.8M |
| Net Profit | $29.2M | $-4.1M |
| Gross Margin | — | — |
| Operating Margin | 39.7% | 0.3% |
| Net Margin | 39.9% | -6.7% |
| Revenue YoY | 4.0% | -5.5% |
| Net Profit YoY | -28.2% | -20.1% |
| EPS (diluted) | $0.19 | $-0.09 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $73.3M | $61.8M | ||
| Q3 25 | $61.6M | $47.0M | ||
| Q2 25 | $70.9M | $44.7M | ||
| Q1 25 | $65.8M | $55.2M | ||
| Q4 24 | $70.5M | $65.4M | ||
| Q3 24 | $71.6M | $64.5M | ||
| Q2 24 | $81.1M | $58.7M | ||
| Q1 24 | $80.5M | $66.0M |
| Q4 25 | $29.2M | $-4.1M | ||
| Q3 25 | $50.8M | $-7.6M | ||
| Q2 25 | $20.7M | $-7.2M | ||
| Q1 25 | $26.0M | $-8.3M | ||
| Q4 24 | $40.7M | $-3.4M | ||
| Q3 24 | $-91.5M | $-7.9M | ||
| Q2 24 | $35.8M | $-11.6M | ||
| Q1 24 | $-104.5M | $-6.3M |
| Q4 25 | 39.7% | 0.3% | ||
| Q3 25 | 82.8% | -13.4% | ||
| Q2 25 | 29.4% | -15.9% | ||
| Q1 25 | 39.7% | -12.8% | ||
| Q4 24 | 57.9% | -8.3% | ||
| Q3 24 | -127.8% | -6.0% | ||
| Q2 24 | 44.2% | -17.7% | ||
| Q1 24 | -129.6% | -6.0% |
| Q4 25 | 39.9% | -6.7% | ||
| Q3 25 | 82.4% | -16.1% | ||
| Q2 25 | 29.3% | -16.2% | ||
| Q1 25 | 39.5% | -15.0% | ||
| Q4 24 | 57.7% | -5.2% | ||
| Q3 24 | -127.9% | -12.3% | ||
| Q2 24 | 44.1% | -19.8% | ||
| Q1 24 | -129.8% | -9.5% |
| Q4 25 | $0.19 | $-0.09 | ||
| Q3 25 | $0.34 | $-0.27 | ||
| Q2 25 | $0.12 | $-0.30 | ||
| Q1 25 | $0.16 | $-0.39 | ||
| Q4 24 | $0.25 | $-0.12 | ||
| Q3 24 | $-0.69 | $-0.48 | ||
| Q2 24 | $0.23 | $-0.75 | ||
| Q1 24 | $-0.76 | $-0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.8M | $12.9M |
| Total DebtLower is stronger | — | $34.6M |
| Stockholders' EquityBook value | $1.9B | $18.2M |
| Total Assets | $9.9B | $89.1M |
| Debt / EquityLower = less leverage | — | 1.90× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $12.9M | ||
| Q3 25 | $245.9M | $9.2M | ||
| Q2 25 | $177.6M | $4.9M | ||
| Q1 25 | $166.4M | $4.8M | ||
| Q4 24 | $317.4M | $9.4M | ||
| Q3 24 | $194.3M | $6.6M | ||
| Q2 24 | $174.7M | $5.0M | ||
| Q1 24 | $161.2M | $11.7M |
| Q4 25 | — | $34.6M | ||
| Q3 25 | — | $26.0M | ||
| Q2 25 | — | $23.2M | ||
| Q1 25 | — | $25.6M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $37.9M | ||
| Q2 24 | — | $33.3M | ||
| Q1 24 | — | $31.0M |
| Q4 25 | $1.9B | $18.2M | ||
| Q3 25 | $1.9B | $21.6M | ||
| Q2 25 | $1.8B | $19.1M | ||
| Q1 25 | $1.9B | $22.0M | ||
| Q4 24 | $1.9B | $25.0M | ||
| Q3 24 | $1.9B | $20.0M | ||
| Q2 24 | $2.0B | $27.5M | ||
| Q1 24 | $2.0B | $28.7M |
| Q4 25 | $9.9B | $89.1M | ||
| Q3 25 | $9.5B | $76.1M | ||
| Q2 25 | $9.8B | $74.5M | ||
| Q1 25 | $8.8B | $77.5M | ||
| Q4 24 | $8.4B | $93.6M | ||
| Q3 24 | $9.1B | $77.5M | ||
| Q2 24 | $9.3B | $98.5M | ||
| Q1 24 | $9.2B | $103.6M |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | — | 1.21× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.90× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | — | 1.08× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $142.5M | $2.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $2.8M | ||
| Q3 25 | $31.7M | $-7.3M | ||
| Q2 25 | $63.2M | $935.0K | ||
| Q1 25 | $39.3M | $2.1M | ||
| Q4 24 | $200.3M | $-2.1M | ||
| Q3 24 | $47.2M | $1.2M | ||
| Q2 24 | $50.2M | $-13.1M | ||
| Q1 24 | $52.8M | $-132.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | $-7.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -15.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | — | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.40× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
